Tradeweb Markets (TW) Share-based Compensation (2018 - 2026)

Tradeweb Markets (TW) recorded quarterly Share-based Compensation of $25.1 million in Q1 2026, down 11.46% quarter-over-quarter from $28.3 million in Q4 2025, and up 12.95% on a YoY basis from $22.2 million in Q1 2025.

Tradeweb Markets (TW) Share-based Compensation (2018 - 2026) Analysis & Trends

Tradeweb Markets' Share-based Compensation history runs 9 years deep, the most recent figure standing at $25.1 million for Q1 2026.

  • In Q1 2026, Share-based Compensation rose 12.95% year-over-year to $25.1 million; the TTM figure through Mar 2026 stood at $106.4 million (up 11.5% YoY), while the FY2025 annual figure was $103.5 million, up 15.49% from the prior year.
  • Share-based Compensation was $25.1 million for Q1 2026 at Tradeweb Markets, down from $28.3 million in the prior quarter.
  • In the past five years, Share-based Compensation ranged from a high of $28.3 million in Q4 2025 to a low of $11.6 million in Q1 2023.
  • Historically, Share-based Compensation has averaged $20.6 million across 5 years, with a median of $21.0 million in 2022.
  • The sharpest annual moves came in 2022 and 2023: Share-based Compensation jumped 68.96% in 2022, then decreased 25.04% in 2023.
  • A 5-year view of Share-based Compensation shows it stood at $17.2 million in 2022, then gained by 18.86% to $20.5 million in 2023, then climbed by 14.2% to $23.4 million in 2024, then grew by 21.15% to $28.3 million in 2025, then dropped by 11.46% to $25.1 million in 2026.
  • The last three Share-based Compensation figures came in at $25.1 million (Q1 2026), $28.3 million (Q4 2025), and $26.1 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Share-based Compensation (Qtr)
1 SOL Strategies 94,425.84 Bn 94,425.84 Bn - -
2 Morgan Stanley 349.82 Bn 216.29 Bn - 571.00 Mn
3 Goldman Sachs 333.85 Bn -603.70 Bn - 2.53 Bn
4 Schwab Charles 160.31 Bn 115.33 Bn - 138.00 Mn
5 Robinhood Markets 97.28 Bn 92.64 Bn 960.00 Mn 92.00 Mn
6 Interactive Brokers 42.79 Bn 53.38 Bn - 33.00 Mn
7 LPL Financial Holdings 23.54 Bn 22.51 Bn - 23.06 Mn
8 Tradeweb Markets 21.20 Bn 19.96 Bn - 25.06 Mn
9 Iren 19.97 Bn 17.75 Bn 144.76 Mn 31.49 Mn
10 Circle Internet 19.67 Bn 18.16 Bn 35.01 Mn 51.80 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 25.06 Mn
Mar 31, 2026 25.06 Mn
Dec 31, 2025 28.31 Mn
Dec 31, 2025 28.31 Mn
Sep 30, 2025 26.14 Mn
Sep 30, 2025 26.14 Mn
Jun 30, 2025 26.91 Mn
Jun 30, 2025 26.91 Mn
Mar 31, 2025 22.19 Mn
Mar 31, 2025 22.19 Mn
Dec 31, 2024 23.36 Mn
Dec 31, 2024 23.36 Mn
Sep 30, 2024 26.17 Mn
Sep 30, 2024 26.17 Mn
Jun 30, 2024 23.72 Mn
Jun 30, 2024 23.72 Mn
Mar 31, 2024 16.40 Mn
Mar 31, 2024 16.40 Mn
Dec 31, 2023 20.46 Mn
Dec 31, 2023 20.46 Mn